The most traditional way of saving money is through a savings account at your local bank. There are two types of savings accounts: passbook and statement. You usually don't have a choice between the two, most banks offer one or the other.
A passbook account comes with a little booklet that you use to keep track of your deposits, withdrawals and interest. You are responsible for all of the necessary math. With a statement account, you receive a monthly or q...
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